Watch Pete Hegseth Go Full Yakuza on the Media for Peddling Fake News...
UN Atomic Energy Watchdog Chief Confirms Trump's Air Strikes Wrecked Iran's Nuclear Capabi...
Nancy Pelosi's Body Language Says Everything About the Latest Trump Impeachment Push
Kari Lake *Went There* When This Dem Rep Tried to Come After Her...
Jamaal Bowman Might Have Said the Most Insane Thing on CNN Last Night
This Isn't Iraq… and It Ain’t Even Close
Cammack's Offices Evacuated Over Death Threats. Here's the Report That Triggered Pro-Abort...
Here's What Trump Had to Say About Netanyahu's Corruption Trial
In Backing Mamdani, Nadler Compares His Win to Obama's in 2008
Trump Administration Unloads on the Miami Herald for Their Spin on Efforts to...
The Intelligence Community’s Strategic Imperative: Investing in AI for Warning Dominance
Outdated Wireless Regulations Fuel Criminal Networks
The Political Footprint of 'Settled Science'
Here’s Why Hegseth Tore Into the Fake News Media This Week
'Squad' Members React to Trump's Expletive-Laced Remarks About Iran, Israel
OPINION

Rally Fades And Leadership Shifts

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Richard Drew, File

There was pressure out the gate as stocks set more all-time highs. The rally stalled and all three major indices pared gains as Facebook (FB) reversed lower. The Nasdaq turned red as investors await earnings results from the likes of Alphabet (GOOG), Twitter (TWTR) and Advanced Micro Devices (AMD) on Tuesday.

Advertisement

Leadership has shifted to utilities and Real Estate at the head of the class today.

S&P 500 Index

+0.10%

 

Communication Services XLC

 

-1.13%

Consumer Discretionary XLY

 

-0.17%

Consumer Staples XLP

+0.32%

 

Energy XLE

0.00%

 

Financials XLF

 

-0.04%

Health Care XLV

+0.42%

 

Industrials XLI

 

-0.36%

Materials XLB

+0.18%

 

Real Estate XLRE

+0.52%

 

Technology XLK

+0.33%

 

Utilities XLU

+1.15%

 

Consumer Confidence

Conference Board Consumer Confidence came in at 113.8 for October, beating consensus of 108. Improvement on both the present situation side (147.4 vs. 144.3 last month) and the expectations side (91.3 vs. 86.7 in September).

New Home Sales

Nice recovery in September new home sales surging +14% and above consensus of +2.5% This pop was the largest gain since July. Despite the result, homebuilder stocks are mixed this afternoon.

To see the chart, click here.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement